PANews reported on April 15 that according to Cointelegraph, South Korea is expanding its ban on digital asset company applications serving its citizens. On April 11, the Financial Services Commission (FSC) announced that 14 cryptocurrency exchanges were blocked on the Apple App Store. The affected exchanges include Kucoin and MEXC. A report released on April 14 stated that the banned exchanges were accused of operating as unregistered overseas virtual asset operators. The report also noted that the Financial Intelligence Unit (FIU) will continue to push for blocking the applications and websites of such operators to prevent money laundering and user harm.

After Google Play Store blocked access to several unregistered exchanges on March 26, the Apple App Store also received requests to block applications. During the period when applications were blocked on Google Play Store, Kucoin and MEXC were also affected. The FSC published a list of 22 unregistered platforms operating in the country, of which 17 have been blocked by Google Play Store. According to the FSC report, users will not be able to download these applications from the Apple App Store, and existing users will not be able to update them. The FSC pointed out that "unreported business activities are subject to criminal penalties" with a maximum sentence of five years in prison and a fine of up to 50 million won (35,200 USD).